WASHINGTON — President Donald Trump reacted to the truce on tariffs with China on Monday in the White House after signing his executive order to lower the price of pharmaceuticals.
Trump said the Chinese delegation was “very happy” to be able to negotiate with the U.S. And after talks on Saturday and Sunday, there was a 90-day truce.
“It will be great for everybody,” Trump said.
The U.S. delegation temporarily agreed to lower tariffs from 145% to 30% and China agreed to lower a retaliatory 125% to 10% as negotiations continue.
“We are not looking to hurt China,” Trump said. “China was being hurt very badly. They were closing up factories. They were having a lot of unrest.”
During a news conference in Geneva, U.S. Trade Representative Jamieson Greer and U.S. Treasury Secretary Scott Bessent announced the end of a de facto trade embargo.
“Neither side wants a decoupling,” Bessent said.
Trump suggested he will be talking to Chinese President Xi Jinping later this week.
“I think it’s going to be fantastic for China; I think it’s going to be fantastic for us,” Trump said.
On Tuesday, the president is set to travel to Saudi Arabia, Qatar, and the United Arab Emirates.
More on tariffs
- US businesses that rely on Chinese imports express relief and anxiety over tariff pause
- Here’s a look at the sectors getting a boost from the truce in the US-China trade war
- What’s next with Trump’s trade war truce with China
- US Trade Representative Greer says US and China to roll back most tariffs
- US touts ‘substantial progress’ in tariff talks with China, but details are still scarce
More on Trump’s foreign trip
- Trump starts his foreign trip with a crush of problems — and outsized certainty he has the answers
- Trump’s plan to accept free Air Force One replacement from Qatar raises ethical and security worries
- What is the Emoluments Clause? And how might it apply to Qatar giving Trump a plane?
More on Trump administration
- Trump just brought a group of white South Africans to the US as refugees. What are they escaping?
- Deputy attorney general who defended Trump in hush money trial is named acting librarian of Congress
- Trump’s anti-DEI battle threatens nonprofits trying to fill critical labor gaps
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